This property looks like a bad Mid-Term investment with a projected -8.19% first-year return on $86,838 initial cash invested.
-8.19%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$2,187
Rent
-$593
Cashflow
Cash Flow
$2,187 income − $2,780 expenses = $593 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,838
Downpayment
20%
$65,560
Closing costs
1%
$3,278
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,187
Total Expenses
$2,780
Mortgage P&I
82%
$1,801
Property Taxes
5%
$119
Home Insurance
5%
$117
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$241